American Security Resources Signs Letter of Intent to Acquire Galaxy Microsystems, Inc.HOUSTON -- American Security Resources Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARSC ARSC Arctic Region Supercomputing Center ARSC Association for Recorded Sound Collections ARSC Accounting and Review Services Committee ARSC Aircraft Repair and Supply Center (USCG) ARSC Arizona Remote Sensing Center ) announced today that the company has signed a Letter of Intent to acquire Austin, Texas-based Galaxy Microsystems, Inc., a contract electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. (CEM CEM contagious equine metritis. CEM selective medium chocolate agar made with Eugon agar and 5% horse blood; used to cultivate Taylorella equigenitalis. ) and engineering facility. Founded in 1985, Galaxy Microsystems specializes in the engineering and production of highly sophisticated components for top-secret missile guidance systems that provide the front-line for homeland defense, and proprietary fiber optic transmission technology. Revenues are projected to exceed $3 million in 2005, and the company has secured contracts worth more than $15 million over the next three years. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. ASRC ASRC Arctic Slope Regional Corporation ASRC Asynchronous Sample Rate Converter ASRC Advanced Simulated Radar Client ASRC American Studies Research Centre ASRC Alabama Society for Respiratory Care ASRC Arkansas Society for Respiratory Care President Joe Grace, "We are particularly impressed with Galaxy's diverse customer base that ranges from emerging start-ups to Fortune 100 companies, as well as their experience in all major electronic engineering and product industries, including missile guidance systems, fiber optic telecommunications, computers, consumer products, government, military, industrial, and highly specialized instrumentation. From their 19,500-square-foot manufacturing facility, Galaxy employs a broad array of capabilities that enables them to customize their services to meet a customer's unique engineering and production requirements. This makes them a perfect fit for our long-term acquisition strategy." American Security Resources Corporation American Security Resources Corp. is a holding company actively seeking to acquire profitable, well-managed companies that provide products or services for homeland security and national defense. For more information, please visit our website at: www.americansecurityresources.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that results will meet or exceed such expectations. |
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